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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Apex Frozen Foods's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, Apex Frozen Foods has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Apex Frozen Foods (NSE:APEX) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Apex Frozen Foods has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Apex Frozen Foods Sloan Ratio % Related Terms
Apex Frozen Foods Sloan Ratio % Historical Data
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The historical data trend for Apex Frozen Foods's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:APEX vs ADM, BG, TSN: Sloan Ratio % Comparison
For the Farm Products subindustry, Apex Frozen Foods's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Apex Frozen Foods Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Apex Frozen Foods's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Apex Frozen Foods's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Apex Frozen Foods's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Apex Frozen Foods's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 90.986 (Jun. 2025 ) + 118.723 (Sep. 2025 ) + 100.9 (Dec. 2025 ) + 77.867 (Mar. 2026 ) = ₹388 Mil.
Apex Frozen Foods's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = ₹0 Mil.
Apex Frozen Foods's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = ₹0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Apex Frozen Foods (NSE:APEX) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Apex Frozen Foods and its competitors.
Is Apex Frozen Foods' Sloan Ratio % too high?
Apex Frozen Foods' current Sloan Ratio % is 0.00%. Overall, Apex Frozen Foods has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex Frozen Foods' Sloan Ratio % compare to ADM and BG?
Apex Frozen Foods' Sloan Ratio % of 0.00% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Apex Frozen Foods and its competitors. Apex Frozen Foods's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Frozen Foods stock overvalued right now?
Based on GuruFocus' analysis, Apex Frozen Foods (NSE:APEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹257.84, compared to a current price of ₹371.50 — trading 44.1% above its estimated fair value. The current Sloan Ratio % is 0.00%. Apex Frozen Foods' overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Apex Frozen Foods (NSE:APEX), the current Sloan Ratio % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Apex Frozen Foods (NSE:APEX) Overvalued in 2026?
Based on GuruFocus' analysis, Apex Frozen Foods stock appears to be overvalued.
The current stock price of ₹371.50 is trading 44.1% above its estimated GF Value™ of ₹257.84.
GuruFocus considers Apex Frozen Foods to be Significantly Overvalued.
Key valuation signals for NSE:APEX:
Sloan Ratio %: 0.00%
GF Value™: ₹257.84 vs. price of ₹371.50 (44.1% above fair value)
No single metric tells the full story. See the NSE:APEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. The company supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimps, namely the Whiteleg Shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon), which are sold under the brands owned by the company and its customers, namely Bay Fresh, Bay Harvest, and Bay Premium.
71GF Score
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